Monthly Archives: April 2016

Can a surety be liable for violation of the bad faith statute in Pennsylvania?

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in General on Apr 20, 2016.

The issue of whether a surety can be liable for violating Pennsylvania’s bad faith statute is one that often comes up in construction cases. Aside from the fact that bonds – and thus sureties – are most commonly found in construction cases, the remedy of treble damages and attorneys’ fees (mostly the second part) are attractive to litigants. Although there is very limited case law on the issue in the Pennsylvania courts, the answer to the question is presently no.

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Lexon Surety Group Purchased

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Surety Industry News on Apr 13, 2016.

Lexon Surety Group, a privately held insurance holding company that underwrites approximately $135 million in bond premium annually, is now wholly owned by Ironshore, Inc. Ironshore already held a 20% interest in Lexon before purchasing the remaining 80% in an all cash transaction.

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Villanova Was Philly Strong

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in General on Apr 5, 2016.

The City of Philadelphia and its people take a great deal of pride in any number of things – and rightly so. From great food and fantastic culture to a history older than America itself, there is so much to appreciate about the place we call home. But ask any Philadelphian what they are most proud of and they will tell you, perhaps in their own way, it’s the City’s indomitable spirit.

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The Berks Products Case Nearly 3 Years Later

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Bond Clauses on Apr 1, 2016.

Almost 3 years ago, we reported on our construction law blog about a Pennsylvania Commonwealth Court decision that changed the landscape of surety law in Pennsylvania. Given the immense amount of discussion the decision created among construction surety professionals at the time, we thought it would be instructive to provide an update on what the Courts have done with the Berks Products decision since it was initially handed down.

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